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March 5, 2010

Two Charged With Mortgage Fraud (GA. USA)

Two charged with mortgage fraud
By Mashaun D. Simon
The Atlanta Journal-Constitution
March 3, 2010

Mortgage fraud, identity theft and wire fraud are just a few of the federal charges filed against two individuals who allegedly committed fraud against "reverse" mortgages.

Jonathan Alfred Kimpson, 27, of Lithonia and Gia Harris, 26, of Atlanta have been indicted by a federal grand jury on charges of conspiracy to commit financial institution fraud.
Kimpson also faces charges of aggravated identity theft and wire fraud.
Kelsey Torrey Hull, 38, also of Lithonia, was previously charged on similar charges related to the scheme.
According to court documents, the three allegedly “profited from the corruption” of a program designed to help seniors either obtain "cash for equity in their home or with funds toward the purchase of a home."
The three “altered real estate records, used fake documents, and posed as realtors.”
Reverse mortgages typically provide older homeowners with monthly cash payments.
This abuse of the system took money away from qualified senior citizens who need these funds, U.S. Attorney Sally Quillian Yates said. “With these charges, we have taken the first steps to stop this crime and to reverse the damage these crimes have caused.”
If convicted, Kimpson and Harris could each face more than 60 years in prison and fines of more than $1 million.

SOURCE:    The Atlanta Journal-Constitution

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DISCLAIMER

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